How to buy Pocket Network (POKT) in Australia

Learn how to buy Pocket Network (POKT) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

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How to buy Pocket Network

1. Compare crypto exchanges

The easiest way to buy Pocket Network is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.

2. Create an account

To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.

3. Make a deposit

Once verified, you can deposit $ using the payment method that best suits you – epay, credit or debit card, sepa and prime x payments are widely accepted.

4. Buy Pocket Network

You can now exchange your funds for Pocket Network. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Pocket Network to your personal wallet.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Pocket Network in Australia

Find an exchange to buy, sell and trade POKT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

1 - 2 of 2
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Okcoin Cryptocurrency Exchange
★★★★★(0)
Okcoin Cryptocurrency Exchange
Bank transfer (ACH), Epay, Credit or Debit Card, SEPA, Prime X
USD, EUR, SGD

69
cryptocurrencies

Get $50 worth of BTC when you buy $3000 or more in crypto.
Buy, sell and earn cryptocurrency with this user-friendly exchange and smartphone app.
Bybit Cryptocurrency Exchange
★★★★★(0)
Bybit Cryptocurrency Exchange
Cryptocurrency, Simplex, Banxa, XanPool, MoonPay, Mercuryo, E-check, Legend Trading, Capitual
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP and more

185
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Buy, sell, trade and earn hundreds of cryptos on this full-featured global trading platform.
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Compare up to 4 providers

Steps on how to buy Pocket Network

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Pocket Network.

  1. Compare cryptocurrency exchanges that support POKT.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Pocket Network.
  4. Buy Pocket Network.
    Complete your Pocket Network purchase and then find the best wallet to store POKT.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying Pocket Network

As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to POKT, here are a few things you should consider:

  • Supported blockchains: One of Pocket Network’s key goals is to support well over 100 blockchains as the Web 3.0 ecosystem evolves. How successful the project is in achieving this may play a major role in the eventual adoption and price movement of the POKT token. Given that Pocket Network intends to maintain a zero-downtime, scalable solution for app developers, a lack of blockchain accessibility would present a major roadblock in the protocol’s future.
  • Rewards: Pocket Network’s protocol rewards node operators in a unique manner. Most other blockchains have a fixed reward rate for validators, however stakers receive POKT relative to how many transactions and relays occur within a given block. Due to this, it is actually beneficial for node runners to spread their staked POKT across different nodes, instead of putting it all into one. A minimum of 15,000 POKT is required to begin staking. Developers wishing to use Pocket Network’s infrastructure must also stake POKT.
  • Whitepaper: For a greater understanding of the Pocket Network project’s goals, tech stacks and developers, it may be worth reading their whitepaper.
  • Inflationary: POKT tokens are designed to be inflationary for their entire life-cycle, which may prevent some potential growth in the asset’s value. This will be offset somewhat by a burning policy put in place by the networks decentralised autonomos organisation (DAO).

How to sell Pocket Network

You can cash out your POKT with the same exchange you bought it through:

  1. Sign in to the exchange you have POKT on.
    If you store your Pocket Network in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of POKT you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Pocket Network.

Disclaimer: Cryptocurrencies, including Pocket Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of POKT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Pocket Network or any other cryptocurrency discussed.

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